MTN/Jumia Entrepreneurship Pan-African Challenge 2016 for Entrepreneurs – For those who are highly skilled in entrepreneurship, and fir those who do have a business idea can now Apply for the MTN Entrepreneurship Challenge by Jumia, a competition giving winners the opportunity to win over $75,000 in prizes, including investment, cash, and in-kind awards. The Teams will also have the rare opportunity to meet and network with early stage investors, those who are experienced business professionals and successful entrepreneurs who will serve as judges for the competition.

The MTN Entrepreneurship Challenge powered by Jumia was was actually an idea born out of the desire which aims to contribute to building a stronger and more sustainable business environs in Africa and as well as to boost the entrepreneurial spirit of Africa. According to the sponsors, The Pan-African competition is aiming to bringing together over 1000 entrepreneurs, students and investors, who will collaborate on different ways to amplify and consolidate the continent’s entrepreneurs. The Pan-African competition Targets more than 60 universities in 13 countries across Africa, the competition will challenge students that will develop a special digital application or better still a smart solution that will solve a tangible problem faced on the continent.

Eligibility Requirements:

The Teams will be comprised of 2 or 3 individuals with at least one member currently enrolled at in an African university or a recent graduate (Academic year 2014 – 2015 or 2015 – 2016) of an African university.

Evaluation Criteria

The evaluation of applications will be reviewed on four main areas. (which are underpinned with more specific criteria). Specially all the participating teams should ensure that their business plans fits into the following. The African market, be operationally feasible, be innovative and contain relevant financials.

The general assessment scheme can be found below:1. Formal Requirements Executive Summary (2pages) Financial Statement (proforma, basic information)In Line with the Subject

2. Organization

Need Identification (You must Clearly state a problem, which you are hoping to solve) Solution (Well-defined solution as an answer topreviously identified problem)

Prize:There will be cash prizes for the 3 finalist teams, as well as a trip to Cape Town, South Africa to presentat the MTN Entrepreneurship Challenge powered by Jumia Festival in May 2016.

The winners will be announced at the festival with the top team being awarded the opportunity forincubation at the premises of either MTN Solution Space in Cape Town, or at one of 9 Jumia officesacross the continen

MTN Solution Space:

Winners will receive incubation from the MTN Solution Space for 3 months with access to resources, networks and facilities. This includes the option to extend for an additional 9 months based on key milestones agreed.

Jumia:

Opportunity to work from one of Jumia’s offices across Africa in the following cities: Cairo, Egypt;Accra, Ghana; Nairobi, Kenya; Casablanca, Morocco; Lagos, Nigeria; Dakar, Senegal, Kigali, Rwanda and Dar Es Salaam, Tanzania.

GetSmarter

GetSmarter, South Africa’s top online learning institution, will be awarding the top 20 students a
UCT or UCT GSB online short course.

Facebook:

Benefit from the Facebook Start Program and receive up to $15,000 worth of tools and services
needed to build your mobile application.

All applicants should take note that the Application, Executive Summary and Video Pitch (optional, but highly encouraged) must be completed no later than 23:59 pm GMT, Sunday, March 27, 2016.Apply Now for the MTN Entrepreneurship Challenge by clicking here